Saturday, May 30, 2020
[CNBC] Protests and rioting erupt in cities across the U.S. as anger boils after the killing of George Floyd [AP] Trump strikes China over virus, Hong Kong and student visas [Reuters] Trump administration to study [...]
May 29, 2020: The Scourge of “Whatever it Takes” Monetary Mismanagement
A global pandemic and historic economic downturn. A rapidly escalating U.S./China cold war. Surging U.S. unemployment and economic depression. A deeply fragmented society with intensifying animosity and conflict. Heightened social instability, with mounting protests (and [...]
Watching an Opportunity Form in Commodities – May 29, 2020
Here’s the news of the week – and how we see it here at McAlvany Wealth Management: Watching an Opportunity Form in Commodities The overall performance of commodities has been very interesting to watch [...]
Friday, May 29, 2020
[Reuters] Stocks slip as investors await Trump's Hong Kong response [AP] US consumer spending sinks by record 13.6% in face of virus [Reuters] U.S. consumer spending tumbles in April [CNBC] Trump’s China press conference could [...]
Thursday, May 28, 2020
[MarketWatch] Stocks edge higher after Dow retakes 25,000 even as jobless toll tops 40 million [Reuters] Europe cheers super-sized stimulus plan, U.S.-China tensions simmer [Yahoo/Bloomberg] China Arrests Yuan Tumble With Stronger-Than-Expected Fixing [Reuters] Oil falls [...]
Wednesday, May 27, 2020
[Reuters] Wall Street higher on recovery optimism [Yahoo/Bloomberg] China’s Sliding Yuan Leaves Offshore Rate on Brink of Record Low [Reuters] Dollar gains and yuan hits nine-month low as U.S.-China tensions return [MarketWatch] Treasury yields rise [...]